Bank Release

Bank Release

A statement given by a bank to a client giving the client permission to take delivery of some goods previously shipped. The bank gives the bank release after the client pays or is given a bill of exchange.

When the government demanded of Asian Development bank release of funds, the bank imposed condition that the funds would be provided when formal approval of funds and the project is taken from Parliament.

Ozone depleting substances such as chloroflurocarbons (CFCs) will be phased out with the aid of an $82 million grant given by the Multilateral Fund for Implementation of the Montreal Protocol, a World Bank release said.

Al Musalmi, who served as NBO's deputy chief executive officer Since 2011, takes over from Salm Al Shaksy who is leaving the bank after four successful years to pursue new personal and professional interests, said a bank release.

Also KILL the CORRECTION, BW0335, (CQN-CA-WILSHIRE-STATE-BANK) CORRECTION/Correcting Financial Figures in Wilshire State Bank Release Issued July 28, 1999, which ran on Business Wire at 13:08 ET on 07/29/1999.

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